Real Estate Matters: Children concerned about tax implications after selling gifted home and returning money to parents

Q: My parents gave their house to their children but continued to live in it and pay all expenses related to the home. Life happened, and my parents needed money from the house to deal with those issues. So, we sold the house and gave the money to our parents. Here’s our question: Do we, their…#medicaid

Source: Reuters: Health - May 18, 2023 Category: Consumer Health News Source Type: news